Logitech International SA (LOGI) Position Maintained by Royce & Associates LP
Royce & Associates LP continued to hold its stake in shares of Logitech International SA (NASDAQ:LOGI) during the second quarter, Holdings Channel reports. The firm owned 59,589 shares of the company’s stock at the end of the second quarter. Royce & Associates LP’s holdings in Logitech International SA were worth $970,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of LOGI. Renaissance Technologies LLC boosted its stake in shares of Logitech International SA by 51.4% in the first quarter. Renaissance Technologies LLC now owns 2,151,525 shares of the company’s stock worth $34,231,000 after buying an additional 730,553 shares during the last quarter. Acadian Asset Management LLC bought a new position in Logitech International SA during the second quarter valued at approximately $7,650,000. Commerzbank Aktiengesellschaft FI raised its position in Logitech International SA by 5.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 415,936 shares of the company’s stock valued at $6,771,000 after buying an additional 20,973 shares during the period. Spark Investment Management LLC raised its position in Logitech International SA by 91.4% in the first quarter. Spark Investment Management LLC now owns 276,000 shares of the company’s stock valued at $4,391,000 after buying an additional 131,800 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in Logitech International SA by 1,720.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 116,420 shares of the company’s stock valued at $1,852,000 after buying an additional 110,026 shares during the period. Institutional investors and hedge funds own 33.78% of the company’s stock.
Shares of Logitech International SA (NASDAQ:LOGI) traded down 0.09% during trading on Tuesday, hitting $21.73. The company’s stock had a trading volume of 340,059 shares. The firm’s 50 day moving average is $21.44 and its 200-day moving average is $17.30. The company has a market capitalization of $3.51 billion, a P/E ratio of 27.16 and a beta of 1.19. Logitech International SA has a 1-year low of $12.52 and a 1-year high of $22.42.
Logitech International SA (NASDAQ:LOGI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. Analysts forecast that Logitech International SA will post $1.08 EPS for the current fiscal year.
The firm also recently announced a dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Monday, September 26th will be issued a dividend of $0.5774 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This is a positive change from Logitech International SA’s previous dividend of $0.52. Logitech International SA’s payout ratio is currently 65.00%.
Several equities analysts recently commented on LOGI shares. Rosenblatt Securities reissued a “buy” rating and set a $22.75 price target (up from $18.00) on shares of Logitech International SA in a research report on Wednesday, August 3rd. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and set a $13.50 price target on shares of Logitech International SA in a research report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Logitech International SA has a consensus rating of “Hold” and a consensus price target of $18.44.
In other Logitech International SA news, CFO Vincent Pilette sold 100,000 shares of Logitech International SA stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.93, for a total transaction of $1,993,000.00. Following the transaction, the chief financial officer now directly owns 518,492 shares in the company, valued at $10,333,545.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP L Joseph Sullivan sold 22,500 shares of Logitech International SA stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total value of $489,375.00. Following the transaction, the vice president now owns 213,161 shares in the company, valued at $4,636,251.75. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Logitech International SA Company Profile
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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